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Amendment H-8047 to SF 574

Relating to programs administered by the economic development authority by establishing the economic growth attraction program, modifying the certified site and high-quality jobs programs, making appropriations, providing penalties, and including effective date provisions

Adopted · March 6, 2024

Filed February 26, 2024 in the House by the House Ways Committee

What it changes

  1. Page 1, before line 1 by inserting: DIVISION ___ MAJOR ECONOMIC GROWTH ATTRACTION PROGRAM
  2. Page 1, line 1, by striking “2023” and inserting “2024”
  3. Page 1, line 3, by striking “(1)”
  4. By striking page 1, line 5, through page 2, line 7, and inserting “farming if all of the requirements of section 15.498 are met.”
  5. Page 2, line 8, by striking “15.281” and inserting “15.490”
  6. Page 2, line 11, by striking “15.282” and inserting “15.491”
  7. Page 2, after line 20 by inserting: “1A. “Agricultural land” means the same as defined in section 91.1.”
  8. Page 3, line 14, by striking “15.283” and inserting “15.492”
  9. Page 3, after line 14 by inserting: “10A. “Foreign adversary” means a foreign government or foreign non-government person as determined in 15 C.F.R. §7.4. 10B. “Foreign adversary entity” means any of the following: a. A foreign business subject to the jurisdiction of or organized under the laws of a foreign adversary. b. A foreign business owned, directed, or controlled by a foreign adversary.”
  10. Page 3, line 27, by striking “15.285” and inserting “15.494”
  11. Page 4, line 6, by striking “15.285” and inserting “15.494”
  12. Page 4, line 11, by striking “located on a certified site”
  13. Page 4, line 31, by striking “15.283” and inserting “15.492”
  14. Page 5, line 1, before “certified” by inserting “site where the business has a controlling interest in or a”
  15. Page 5, lines 1 and 2, by striking “acres that the authority has determined” and inserting “acres. The authority must determine a site”
  16. Page 6, by striking lines 20 through 22 and inserting “may be eligible to qualify for the program.”
  17. Page 6, line 27, by striking “tax incentives under”
  18. Page 7, line 31, by striking “15.284” and inserting “15.493”
  19. Page 8, by striking lines 14 and 15 and inserting “agricultural land holdings if all of the requirements of section 15.498 are met.”
  20. Page 8, line 16, by striking “15.285” and inserting “15.494”
  21. Page 9, line 23, by striking “15.286B” and inserting “15.497”
  22. Page 9, line 27, by striking “15.283” and inserting “15.492”
  23. Page 9, line 34, by striking “15.284” and inserting “15.493”
  24. Page 10, line 7, by striking “15.286” and inserting “15.495”
  25. Page 11, line 19, by striking “15.286A” and inserting “15.496”
  26. Page 11, line 23, by striking “in a certified site”
  27. Page 11, line 28, by striking “15.285” and inserting “15.494”
  28. Page 13, line 25, by striking “15.286B” and inserting “15.497”
  29. Page 13, line 27, by striking “subsection 2,”
  30. Page 13, line 28, by striking “15.285” and inserting “15.494”
  31. Page 13, line 31, by striking “15.285” and inserting “15.494”
  32. Page 14, lines 9 and 10, by striking “section 422.16, subsection 2,” and inserting “section 422.16”
  33. Page 14, line 11, by striking “15.287” and inserting “15.498”
  34. Page 14, by striking lines 13 through 16 and inserting: “
  35. The board may authorize an exemption to restrictions on agricultural land holdings for a foreign business if all of the following requirements are satisfied: a. The foreign business qualifies as an eligible business pursuant to section 15.492. b. As part of the application of the foreign business under section 15.493, the foreign business provides documentation to the authority, as deemed necessary by the authority, to establish that the foreign business is not associated with a foreign adversary or foreign adversary entity. c. The agricultural land for which the exemption is provided is a mega site or included in a mega site. d. The foreign business is not actively engaged in farming.”
  36. Page 14, line 20, by striking “15.285” and inserting “15.494”
  37. Page 14, line 33, by striking “15.288” and inserting “15.499”
  38. Page 15, line 11, by striking “15.289” and inserting “15.500”
  39. Page 15, line 26, by striking “15.290” and inserting “15.501”
  40. Page 15, lines 29 and 30, by striking “section 9I.3, subsection 3, paragraph “f”” and inserting “this part”
  41. Page 15, line 31, by striking “2026” and inserting “2027”
  42. Page 15, after line 31 by inserting: “Sec. ___. EMERGENCY RULES. The authority shall adopt emergency rules under section 17A.4, subsection 3, and section 17A.5, subsection 2, paragraph “b”, to implement the provisions of this division of this Act within sixty business days of the effective date of this division of this Act and shall submit such rules to the administrative rules coordinator and the administrative code editor pursuant to section 17A.5, subsection 1, within the same period. The rules shall be effective immediately upon filing unless a later date is specified in the rules. Any rules adopted in accordance with this section shall also be published as a notice of intended action as provided in section 17A.4. Sec. ___. EFFECTIVE DATE. This division of this Act, being deemed of immediate importance, takes effect upon enactment. DIVISION ___ CERTIFIED SITE AND HIGH-QUALITY JOBS PROGRAMS —— APPROPRIATION Sec. ___. 2023 Iowa Acts, chapter 110, section 15, subsection 1, paragraph a, subparagraph (1), is amended to read as follows: (1) For the purposes of providing assistance as described in section 15.335B for the high quality jobs program: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 11,700,000 (a) From the moneys appropriated in this subparagraph, the economic development authority may use not more than $1,000,000 for purposes of providing infrastructure grants to main street communities under the main street Iowa program and may allocate not more than $300,000 for the purposes of supporting statewide worker education and quality preapprenticeship programs. (b) Notwithstanding section 15.335B, subsection 2, from the moneys appropriated in this subparagraph, $300,000 is allocated to the economic development authority for certification costs associated with the authority’s certified site program. Moneys allocated in this subparagraph division must be used to certify sites in counties with a population of less than 50,000 according to the 2020 federal decennial census and to certify at least two sites in each congressional district. Sec. ___. EFFECTIVE DATE. This division of this Act, being deemed of immediate importance, takes effect upon enactment.”
  43. Title page, by striking lines 1 through 3 and inserting “An Act relating to programs administered by the economic development authority by establishing the economic growth attraction program, modifying the certified site and high-quality jobs programs, making appropriations, providing penalties, and including effective date provisions.”
  44. By renumbering, redesignating, and correcting internal references as necessary.

Official amendment (PDF) · In the Bill Book